In last trading session, Canadian Solar Inc (NASDAQ:CSIQ) saw 3.41 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $9.28 trading at $1.42 or 18.07% at ring of the bell on the day assigns it a market valuation of $614.10M. That closing price of CSIQ’s stock is at a discount of -126.83% from its 52-week high price of $21.05 and is indicating a premium of 29.2% from its 52-week low price of $6.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.16 million shares which gives us an average trading volume of 1.90 million if we extend that period to 3-months.
For Canadian Solar Inc (CSIQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.78. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.69 in the current quarter.
Canadian Solar Inc (NASDAQ:CSIQ) trade information
Upright in the green during last session for gaining 18.07%, in the last five days CSIQ remained trading in the green while hitting it’s week-highest on Thursday, 04/24/25 when the stock touched $9.28 price level, adding 3.73% to its value on the day. Canadian Solar Inc’s shares saw a change of -16.55% in year-to-date performance and have moved 29.25% in past 5-day. Canadian Solar Inc (NASDAQ:CSIQ) showed a performance of -4.92% in past 30-days. Number of shares sold short was 11.27 million shares which calculate 5.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 53.6% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -18.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.53% for stock’s current value.
Canadian Solar Inc (CSIQ) estimates and forecasts
This year revenue growth is estimated to rise 23.32% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.11B for the same. And 7 analysts are in estimates of company making revenue of 1.76B in the next quarter. Company posted 1.33B and 1.64B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.41% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -236.21% while estimates for its earnings growth in next 5 years are of 89.36%.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
Insiders are in possession of 28.93% of company’s total shares while institution are holding 50.32 percent of that, with stock having share float percentage of 70.80%. Investors also watch the number of corporate investors in a company very closely, which is 50.32% institutions for Canadian Solar Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CSIQ for having 5.17 million shares of worth $76.21 million. And as of 2024-06-30, it was holding 7.7793 of the company’s outstanding shares.
The second largest institutional holder is MACKENZIE FINANCIAL CORP, which was holding about 5.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7027 of outstanding shares, having a total worth of $75.46 million.
On the other hand, Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 1.64 shares of worth $15.2 million or 2.48% of the total outstanding shares. The later fund manager was in possession of 728.03 shares on Jan 31, 2025 , making its stake of worth around $6.76 million in the company or a holder of 1.10% of company’s stock.